Section: Economy

The Cabinet of Ministers of Ukraine has approved the granting of state guarantees in the amount of about $500 million to Ukraine`s oil and gas giant NJSC Naftogaz of Ukraine in order to attract a World Bank loan for the purchase and pumping of natural gas in the autumn-winter period. Presenting the need for the provision of guarantees, First Vice...

Real wages of Ukrainians dropped 3% in October to the previous month, according to the State Statistics Service. Compared with October 2015, real wages increased by 6.2% though. The average monthly nominal wage of full-time employees decreased by 0.2% in October compared with September, amounting to UAH 5,350. This is 3.7 times higher than the...

French Foreign Minister Jean-Marc Ayrault said on Tuesday that lifting European Union sanctions on Russia would weaken efforts to resolve the Ukraine crisis and hand a victory to Moscow, Reuters reported. ”It would weaken the objective of resolving this conflict and would be a victory to those who endangered the security of a country,” Ayrault...

Hryvnia quotations against the dollar on the interbank currency market on Tuesday strengthened to UAH 25.57/25.60 to the dollar by the middle of trade, a broker at a commercial bank has told an UNIAN correspondent. Hryvnia quotes against the euro have settled at UAH 27.29/27.35, while those against the Russian ruble have settled at UAH...

In order to maintain the necessary pressure on Russia until it fully complies with its international obligations with respect to Ukraine, the Special Economic Measures (Ukraine) Regulations have been amended to list 15 additional separatist individuals, including six members of Russia`s State Duma from Crimea, who are subject to an asset freeze...

Ukraine has already saved US$3 million in budget funds due to medicine procurements through the United Nations Development Programme (UNDP) in the first two weeks. ”Few weeks in UNDP`s renewed medicine procurement cycle for 2016, amounts contracted so far already show savings of US$3 million compared to prices from 2015, which are immediately...

Foreign reserves of Ukraine decreased by 1.9%, to $ 15.2 billion in November, according to the National Bank of Ukraine. The current level of international reserves of Ukraine amounted to $15.2 billion, the NBU has told UNIAN. Thus, compared with the beginning of November, the reserves fell by $0.3 billion, or 1.9%. As UNIAN reported earlier,...

The National Bank of Ukraine on Monday evening strengthened the official hryvnia exchange rate by seven kopiykas, bringing the national currency to UAH 25.65 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for November 29: $100 costs UAH 2,565.9521 (on November 28, it was...

Due to dramatic decrease of public and freight sea transportation to occupied Crimea Kremlin have to fill the gap in up to 200 vessels, Ukraine Today reports citing BlackSeaNews and Maidan of Foreign Affairs. Although Kremlin keeps telling that foreign naval vessels ignore the sanctions and sail to Crimea, the majority of vessels that carry...

The Ukrainian government has abolished the obligatory state registration and re-registration of investment, which has been effective since 2013, according to government resolution No. 661, which was published on its website. The relevant decision has been made pursuant to current legislation and is believed to significantly facilitate investment....